Assume That with 20L and 30K a Given Firm Can

question 96

Multiple Choice

Assume that with 20L and 30K a given firm can produce 100 units of output and with 40L and 60K it can produce 175 units (where L and K denote the labor and capital inputs) .Based on this information,we can conclude that:

• A)decreasing returns to scale exist.
• B)average cost is decreasing.
• C)average cost is constant.
• D)increasing returns to scale exist.

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Definitions:

GABA

Gamma-Aminobutyric Acid, a neurotransmitter in the brain that inhibits nerve transmission, helping to regulate nerve excitability and calm the nervous system.

Dopamine

A neurotransmitter in the brain associated with pleasure, reward, and motivation among other functions.

Sociological Research

The systematic investigation of social phenomena through empirical or theoretical methods aimed at understanding or explaining social behaviors and society.

Cause And Effect

A relationship in which one event (the cause) makes another event happen (the effect), often studied to understand the dynamics of phenomena.